Ripple Labs CEO Brad Garlinghouse has vowed to continue his fight against the U.S. Securities and Exchange Commission (SEC) in court, Cointelegraph reported. The SEC said it will appeal the district court’s ruling on the crypto company.

Garlinghouse said in an Oct. 2 post that the SEC lost on all important matters, emphasizing that XRP’s status as a non-security is the law.

Last July, New York District Court Judge Analisa Torres ruled that XRP was not a security when sold on public crypto exchanges, but that sales of XRP to institutional investors were subject to securities laws and fined Ripple $125 million.

Ripple Chief Legal Officer Stuart Alderoty said the SEC's appeal was disappointing but not unexpected, and it is evaluating whether to file a cross-appeal. Attorney Fred Rispoli expects the Second Circuit Court of Appeals to rule on the case as early as January 2026.

XRP is down 10.2% in the past 24 hours and is currently trading around $0.53.